Market Overview

UPDATE: Compass Point Upgrades Wynn Resorts to Neutral on Las Vegas Strength

Share:
Related WYNN
Macau Gaming Revenue Gains Miss The Mark In May, Casino Stocks Dip Lower
Deere, PayPal, US Steel, Wynn Resorts: 'Fast Money' Picks For May 22
Union Gaming confident on Macau sector (Seeking Alpha)

Compass Point raised its rating on Wynn Resorts (NASDAQ: WYNN) from Sell to Neutral and increased its price target to $10.

Compass Point commented, "Despite the in-line results, we are upgrading our rating to Neutral due to better than expected trends in Las Vegas. Further, while we continue to believe the stock is over-valued and that FY13 expectations remain too elevated, we no longer believe a Sell rating is warranted as the improving Las Vegas conditions and doubled dividend should limit the potential for more meaningful downside. We increase our price target to $110, which includes the $8 special dividend."

Wynn Resorts closed at $112.29 on Wednesday.

Latest Ratings for WYNN

DateFirmActionFromTo
Jun 2018Deutsche BankMaintainsBuyBuy
Apr 2018NomuraMaintainsBuyBuy
Apr 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for WYNN
View the Latest Analyst Ratings

Posted-In: Compass PointAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (WYNN)

View Comments and Join the Discussion!